Oil bounce fizzles as dollar regains footing

Oil futures gave up small gains to end slightly lower Tuesday, feeling renewed pressure as the dollar found its footing and investors prepared for data on U.S. crude inventories.
The U.S. benchmark West Texas Intermediate crude for September delivery fell 16 cents, or 0.2%, to close at $67.04 a barrel on the New York Mercantile Exchange. October Brent crude, the global benchmark lost 15 cents, or 0.2%, to end at $72.46 a barrel on the ICE Europe exchange.
Futures initially edged higher after Saudi Arabia told the Organization of the Petroleum Exporting Countries that it had reduced crude output by 200,000 barrels a day to 10.29 million barrels a day in July. OPEC itself, using...

Gold futures on Tuesday booked a slight gain, but held near their lowest level of the past 18 months, as a currency crisis spurred by worries about Turkey's lira took a back seat.
A flight to U.S. dollars was fueled by fears that Turkey's...

The euro fell on Tuesday, hitting 13-month lows against the dollar and Swiss franc, as traders fret over the exposure of European banks to Turkey, whose currency rebounded from an all-time low.
The Turkish lira has lost more than 40 percent of its...

A respite for the hard-hit Turkish lira was accompanied by a small gain for gold futures early Tuesday, as the U.S. dollar gave back some of its recent gains.
December gold futures rose $2.90, or 0.2%, to $1,201.80 an ounce, while September silver...

Gold trades below $1,200 an ounce as Turkey’s financial woes, concern about potential for further EM contagion fail to ignite haven demand.
Bullion for immediate delivery +0.1% to $1,194.83/oz at 11:16am in London, after as much as...

Gold trades below $1,200 an ounce as the dollar holds gains on Turkey’s financial woes.
Bullion for immediate delivery -0.1% to $1,192.78/oz by 8:46am in Singapore, after -1.4% Monday to lowest since Jan. 2017
In other precious...